Supply Chain Transparency
Supply chain transparency refers to the practice of openly sharing detailed information about the entire supply chain, including the sourcing of raw materials, production processes, and distribution methods. It involves providing visibility into each stage of the supply chain, from suppliers to manufacturers, and even down to labor practices and environmental impacts.
Supply chain transparency helps companies ensure ethical practices, such as fair labor conditions and sustainable sourcing, while also allowing stakeholders (consumers, investors, and regulators) to make informed decisions about a company’s operations. It builds trust, reduces risks, and supports accountability by highlighting both positive efforts and potential areas for improvement within the supply chain.